Mon, 01 Sep 2014 09:26:05 GMT
EUR/AUD 1H Chart: Channel Down
After a sharp advance at the beginning of month the Euro started to slide towards 1.40 level; however, the bearish channel began to form on 25th of August. At the moment EUR/AUD is trading closer and closer to the major level at 1.40, which was approached on July 2013 for the last time. Nonetheless, the technical indicators are mostly mixed,